All posts tagged Leap Wireless

MetroPCS and Leap Wireless are showing what a little takeover chatter can do for a stock.

Both jump on a Bloomberg report that Deutsche Telekom — felled in its effort last year to marry off its US wireless operations to AT&T — is supposedly talking to PCS about a possible combination.

Shares of PCS and LEAP have been pummeled of late, with the declines steepening after the companies’ downbeat first-quarter reports.

So the inevitable takeover talk was bound to filter into the market and boost the prepaid-wireless carriers at some point. Now, let’s see if its just that–talk–or something actually substantive as A&T and Verizon Wireless continue to be by far the big dogs in the US.

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